The airline and the flag carrier, Emirates Group, posts a $ 6.0 billion loss because of COVID-19, its first year of loss in over 30 years. The loss of AED 22.1 billion (US$ 6.0 billion) for the financial year ended in 31 March 2021 compared with an AED 1.7 billion (US$ 456 million) profit for […]
The North Sea between Norway and United Kingdom completes the world’s longest electricity link. The North Sea Link will help connect the electricity systems of the two countries via high voltage subsea cables from Kvilldal in Norway to Blyth in the UK. Linking Nordic and British energy markets will bring a number of benefits, including: […]
GlaxoSmithKline and iTeos Therapeutics to co-develop and co-commercialise the treatment for patients with cancer . Currently EOS-448, an anti-TIGIT monoclonal antibody is in phase one development, TIGIT which is a part of the CD226 checkpoint axis, has exhibited potential as a hopeful target for the next generation of immuno-oncology therapies based on compelling preclinical data […]
The telecom giant Altice group buys 12.1% stake worth £2.2 billion in BT Group to develop into the corporate’s largest stakeholder. Altice UK, In a filing with the London Stock Exchange, said that it had made the investment because it believes BT has a compelling opportunity to deliver one of the U.K. Government’s most important […]
BlackRock has become the first global asset manager licensed to operate Mutual Fund Business in China as the government of China opens up the country’s $3.5 trillion mutual fund industry. The company BlackRock, the world’s biggest asset manager, on Friday said the China Securities Regulatory Commission (CSRC) had given its Chinese fund management unit approval […]
The Corp, Astomos Energy has purchases carbon neutral LPG cargo at the scale of the Very Large Gas Carriers (VLGC) which is believed to be first of its kind from shell . This move by Astomos Energy is due to the tightened targets of carbon reduction around the globe as the global gas producers commit […]
The banking supervisory authority, Basel committee has actioned some toughest capital rule for crypto assets. The global regulators proposed that the banks must set aside enough capital to cover losses on any bitcoin holdings in full in a step that could possibly prevent wide-scale use of the cryptocurrency by big lenders. It has proposed a […]
The commodity trading company Trafigura and Yara International has signed MoU to explore business in clean Ammonia. Yara is one of the leading producer of nitrates, ammonia and other nitrogen based chemicals. The MoU (Memorandum of Understanding) signed between these companies is to collaborate on the development and promotion of the use of Ammonia. The […]
BioNTech and Pfizer has announced its plans to provide 500 million doses to U.S government at a non profit price. Approximately around 200 million doses in 2021 and 300 million by the first half of 2022. These doses from Pfizer and BioNTech will be donated to low and lower middle income countries including the African […]
BP Singapore and Pavilion Energy Trading & Supply has signed a sale and purchase agreement (SPA) for the supply of around 0.8 million tonnes of liquefied natural gas (LNG) per year to Singapore for 10 Years from the year 2024. Both the companies will work together to implement greenhouse gas (GHG) quantification and reporting methodology. […]
The largest food delivery app of U.S. DoorDash launches in Japan, it is one of the largest on- demand logistics platform for door to door delivery in the U.S. This flags the company’s first expansion in Asia and third country outside U.S including Canada and Australia. To empower local economies DoorDash continues to invest in […]
The American Billionaire Jeff Bezos to fly on the first crewed space flight to outer space with his brother Mark from the rocket company Blue Origin Next month. This comes after billionaire Jeff Bezos steps down as the Chief Executive Officer of Amazon the multinational technology company. Jeff Bezos will join his brother Mark Bezos […]
The new treatment for Alzheimer’s disease has been approved by the regulators of USA nearly after 20 years. This approval will trigger pressure to make it available worldwide despite of its mixed evidence over its efficacy. Aducanumab targets the Underlying cause of Alzheimer’s, the most common form of dementia. Food and Drug Administration (FDA) of […]
The companies Samsung SDI and SK Innovation consider to establish additional joint ventures with their clients in Europe to provide stable supply sources for electric vehicle batteries. As the Global battery leaders such as LG Energy Solution (LGES) and China’s CATL are stocking up their production might across the globe, the Korean firms are in […]
The consumer goods company Reckitt Benckiser to sell infant nutrition formula to Primavera Capital for $2.2 billion. Reckitt Benckiser will retain an 8 per cent stake in the unit and it will see net cash proceeds of about $1.3 billion, which it plans to reduce the debt, the company said in a statement. The company […]
